L3 HARRIS TECHNOLOGIES, INC., NVIDIA Corporation and Moog Inc. are Dominating the U.S. Driving Simulator Market in 2019

U.S. Driving Simulator Market is expected to grow with the CAGR of 8.4% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below:

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U.S. driving simulator market is a highly consolidated market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in U.S. driving simulator market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in April 2020, FAAC Incorporated launched simulation-based situational awareness training; which is launched to make the roads safer by providing simulation training to individuals of the worse-case scenario without any real accidents. The new training will increase the customer base of the company.

L3 HARRIS TECHNOLOGIES, INC. is the dominating player in U.S. driving simulator market. The other key players existing in the market includes FAAC Incorporated, DORON PRECISION SYSTEMS, INC., Bosch Rexroth Corporation (A Subsidiary of Robert Bosch GmbH), Moog Inc., NVIDIA Corporation, IPG Automotive GmbH, VI-grade GmbH (A subsidiary of Spectris), Mechanical Simulation Corporation, ANSYS, Inc., AVSimulation, VDI - Only in Simulation, dSPACE GmbH, rFpro, Excel Driver Services, Virage Simulation Inc. among others.

U.S. Driving Simulator MarketL3 HARRIS TECHNOLOGIES, INC.

L3 HARRIS TECHNOLOGIES, INC.is headquartered in Florida, U.S. and was founded in year 1997. The company is engaged in providing simulation solutions for the application in defense, aerospace and commercial uses. The company operates in Integrated Mission Systems, Space and Airborne Systems, Communication Systems, Aviation Systems, Other segments out of which others is market focused segment. The company offers wide range of solution categories such as driving simulators, program assessment, training courseware, training curriculum in which driving simulator is market focused category.

  • In July 2019, L3 Technologies and Harris Corporation announced merger to form L3Harris Technologies, Inc. This merger offered solutions for aerospace and defense applications, thus increasing the customer base and revenue of the combined companies.

The company has wide global presence across Europe, Asia-Pacific, MEA, Americas with its various subsidiaries such as EOTech (U.S.), L 3 COMMUNICATIONS CORP (U.S.), Wescam (U.S.), L3Harris Geospatial (U.S.), Exelis Inc. (U.S.) among others.

NVIDIA Corporation

NVIDIA Corporation is headquartered in California, U.S. was founded in 1993. The company is engaged in integrating GPU with deep learning and artificial intelligence to enhance the automation capabilities in computers, self-driving cars and robots. The company operates in GPU and Tegra Processor segments out of which Tegra Processor is market focused segment. The company offers product categories which are Autonomous Machines, Data Center, Deep Learning & AI, Design And Pro Visualization, Healthcare & Life Sciences, Self-driving Cars, Gaming & Entertainment out of which Self-driving Cars is market focused category.

  • In December 2019, Nvidia launched Orin Chip which powers the self-driving vehicles. The new system-on-a-chip (SoC) includes about 17 billion transistors and integrates the graphics processing (GPU) with ARM CPU core for the input and output of data. The chip is available on the various speed versions offering up to 200 trillion operations per second (TOPS). The new advanced technology will enhance the capability of self-driving vehicles which is increasing the market share of the company.

The company has wide global presence across Americas, Asia, Europe and generates revenue from subsidiaries such as Mellanox Technologies (U.S.), Icera (U.K.), NVIDIA Advanced Rendering Center (Germany), PortalPlayer (India) Private ltd (India), NVIDIA US Investment Co (U.S.) among others.

Moog Inc.

Moog Inc., headquartered in New York, U.S. was founded in 1951. The company is engaged in designing, manufacturing and integrating of fluid control and control systems for various applications in defense, aerospace and industries. The company operates in Aircraft Controls, Space and Defense Controls and Industrial Systems segments out of which Industrial Systems is market focused segment. The company provides Aircraft, Automotive Test & Simulation, Construction, Defense, Energy, Entertainment, Industrial Machinery, Marine, Medical, OEM, Motorsport, Oil & Gas, Space out of which Automotive Test & Simulation are market focused product category.

  • In October 2018, Moog Inc. launched D680 Proportional Valve Series; which offers Direct Drive Closed-loop Pilot Valve making the product more robust and dynamic, and could be used in demanding environments. The new product increased the market share of the company.

The company has presence across the globe in North America, South America, Asia Pacific, Europe, Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Moog Australia Pty. Ltd. (Australia ), Moog Ireland Limited (Ireland), Moog Japan Ltd. (Japan), Crossbow Technology (U.S.), Ampac ISP Corp (U.S.) among others.